20 Best Enterprise Contract Management Software In 2024
10 Best Enterprise Contract Management Software Shortlist
Here's my pick of the 10 best software from the 20 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
With so many different enterprise contract management software available, figuring out which is right for you is tough. You know you want to facilitate better control and oversight over all contractual obligations and agreements within your large organization but need to figure out which tool is best. I've got you! In this post I'll help make your choice easy, sharing my personal experiences using dozens of different enterprise contract management tools with various teams and accounts, with my picks of the best enterprise contract management software.
What Is Enterprise Contract Management Software?
Enterprise contract management software is a comprehensive tool used by large organizations to manage their contractual processes and documents. It encompasses the creation, storage, execution, and analysis of contracts, providing an automated, centralized platform for handling all aspects of contract lifecycle management. This software facilitates the organization and tracking of various contractual agreements, ensuring easy access and consistent management across the enterprise.
The benefits of using enterprise contract management software include improved efficiency in managing contracts, from drafting to execution. It streamlines contract-related workflows, reducing manual effort and the risk of errors. The software enhances compliance and risk management by ensuring contracts adhere to legal standards and company policies. Additionally, it offers centralized access to all contracts, making it easier to retrieve and analyze contractual data. Automated alerts and notifications help prevent missed deadlines and overlooked obligations, thus contributing to better organizational control and decision-making regarding contracts.
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Best Enterprise Contract Management Software Summary
| Tools | Price | |
|---|---|---|
| INHUBBER | From $25/user/month | Website |
| Gatekeeper | From $1,245/month | Website |
| Contract Logix | From $25/user/month (billed annually) | Website |
| SAP Ariba | From $50/month. | Website |
| ContractPodAi | Pricing upon request | Website |
| LinkSquares | Pricing upon request | Website |
| Lexion | Pricing upon request | Website |
| Ironclad | Pricing upon request | Website |
| Icertis Contract Management Software | Pricing upon request | Website |
| Agiloft Contract Management Suite | Pricing upon request | Website |
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Compare SoftwareBest Enterprise Contract Management Software Reviews
Here’s my breakdown of every contract management tool on my list, along with a snapshot of their inner workings, standout features, pricing information, and a few pros and cons that call out what you might enjoy about these tools and what could be a future pain point.
Developed in Germany, INHUBBER is a contract management platform that delivers all of your contract needs in one place. You can manage, sign, track, and secure all of your documents with no added installation or training costs.
Why I picked INHUBBER: I actually added this platform to my list because they offer one very simple feature you don’t find in every solution — a native esignature tool. You don’t have to integrate DocuSign or PandaDoc into this application. Instead, you can sign directly in-app with no other tools required.
INHUBBER Standout Features and Integrations
Standout features include document analysis to help you find relevant information right away and multiple workspaces that encourage collaboration.
Integrations include Microsoft SharePoint.
Pros and cons
Pros:
- INHUBBER team is open to feedback
- Well-designed and intuitive system
- Quick onboarding and training process
Cons:
- Extra security measures can make signing in a hassle
- Limited integration availability
Gatekeeper is designed to be a simplified, AI-driven cloud contract management solution to track suppliers for supply chain and procurement needs. This platform provides you with central storage for contract data and built-in communication tools that save historical messages to and from suppliers to create a fully searchable audit trail.
Why I picked GateKeeper: I like this platform because of its Kanban Workflow Engine. With this tool, you can cut the time you spend on contract administration by using automation to build business resilience, fully-compliant processes, and scalable operations. This engine is fully customizable, allowing you to automate complex, multi-departmental reviews, as well as simple notifications, negotiations, and approvals.
GateKeeper Standout Features and Integrations
Standout features include dynamic, automated contract renewal notifications and integrated risk and credit profiling.
Integrations include Adobe Acrobat Sign, Box, Dropbox Business, Dynamics 365, Google Drive, Google Workspace, Okta, Salesforce Sales Cloud, Slack, and Xero.
Pros and cons
Pros:
- Very little needed for initial setup
- No-code native integration options
- One-stop shop for all things vendor related
Cons:
- Limited connections to ERPs
- Pricing is higher than competitors
As a longtime industry leader, Contract Logix focuses on data-driven contract lifecycle management to assist legal, administration, IT, finance, procurement, and sales teams across a variety of industries. With the tools and modules from this platform, your team can securely draft, create, edit, negotiate, approve, execute, and manage all contracts.
Why I picked Contract Logix: One thing that really stands out about this platform is the security protocols and data management, including SOC 2 Type II compliance, FISMA and HIPAA compliance, logical separation of client data, data encryption in transit (TLS 1.2) and at rest (AES 256), vulnerability and penetration testing, and Azure Key Vault with encryption key management.
Contract Logix Standout Features and Integrations
Standout features include contract workflow creation and automation, auto-population for common contract fields, and employee background checks and regulatory training.
Integrations include Adobe Acrobat Sign, Azure Active Directory, DocuSign, Duo, Microsoft Active Directory, Okta, PingFederate, and Sertifi.
Pros and cons
Pros:
- Consistent updates and new features
- Easy to use and straightforward
- On-premise and web-based options
Cons:
- Limited contract search capabilities
- Mass upload feature is a little buggy
This supply chain and e-procurement management solution is focused on streamlining source-to-pay operational processes that ensure your organization can grow from a medium-sized company to an enterprise organization.
SAP Ariba is a comprehensive platform that delivers spend management, sourcing, supplier management, and financial solutions, including contract lifecycle management, supplier risk management, payables automation, and vendor management.
Why I picked SAP Ariba: This platform is an essential on my list because it focuses on supply chain and procurement business contracts, as opposed to the more popular legal-oriented platforms. With this concentration on the supply chain, you get improved collaboration with suppliers, digital transparency across the supply chain, and help streamlining logistics.
SAP Ariba Standout Features and Integrations
Standout features include workforce management to access the talent you need to operate and asset management tools that minimize downtime.
Integrations include Adobe Acrobat Sign, Boomi, Celigo Integrator.io, Checkbox, Citrix Workspace, Neptune DXP, PageDNA, ServiceChannel, SimpleVMS, and Zip.
Pros and cons
Pros:
- Centralizes all business operations
- Simple and easy to learn
- User interface is intuitive
Cons:
- Time-consuming implementation process
- Requires significant training to get full functionality
ContractPodAi is a corporate legal contract management platform that provides comprehensive visibility, command, and control over the entire contract lifecycle of your business. The platform provides you with tools to handle various use cases across nearly every legal challenge through self-service capabilities for contract authoring, as well as business process automation, smart repository, and an AI assistant.
Why I picked ContractPodAi: This tool caught my interest because of its AI assistant, Leah. With her support, you can automatically detect and analyze any agreement to create a record and spot errors, get insights into customer and vendor contract data, find guidance for redlining, precedents, and playbooks, and translate contracts into other languages.
ContractPodAi Standout Features and Integrations
Standout features include automation for contract approvals, AI assistant for legal needs, and seamless integration with esigning tools for complete contract lifecycle management.
Integrations include Box, Dropbox Business, Gmail, iValua, Microsoft Word, Oracle, Salesforce Sales Cloud, SAP Ariba, Signicat, and Slack.
Pros and cons
Pros:
- Intuitive user interface and navigation
- Feature-rich, AI-powered tool
- Expansive customization options
Cons:
- Limited searchability in the repository
- Onboarding process is pretty long
This AI-powered contract lifecycle management platform helps businesses gain deeper insights into their portfolios, integrate with key systems, and accelerate every stage of the contract lifecycle. From pre- and post-signature functionality built for legal teams to contract templates, self-service drafting, and version control, LinkSquares is designed to help you handle it all.
Why I picked LinkSquares: This platform made my list because it has a solution specifically for crisis management that targets information sharing and visibility. You can summarize obligations, prioritize tasks, and build disclosure schedules as needed. This solution also focuses on baking standardized language into templates to monitor risk markers and take action before a crisis happens.
LinkSquares Standout Features and Integrations
Standout features include metadata extraction that identifies and analyzes keywords and custom data in agreements, as well as text search to find keywords and terms in any contract.
Integrations include AdobeSign, Box, DocuSign, Dropbox, Egnyte, Google Drive, Microsoft Word, OneDrive, Salesforce Sales Cloud, and SharePoint.
Pros and cons
Pros:
- User-friendly and simple to learn
- Responsive and helpful support team
- Offers a very intuitive system
Cons:
- Limited ability to customize system
- Clause library isn’t as visual as it could be
As a data extraction software designed for legal teams, Lexion can store, organize, and centralize all your contracts in a repository so admins can automatically track essential obligations and receive alerts regarding critical milestones. This platform also has robust security measures that support secure logins and contract data encryption.
Why I picked Lexion: Contracts can have a lot of sensitive information, especially when it comes to legal teams so this platform caught my eye because of their focus on security. In addition to single sign-on functionality and data backup maintenance, Lexion also has AES 256-bit encryption and ensures compliance with SOC 2 Type 2 standards.
Lexion Standout Features and Integrations
Standout features include regular personnel training, background checks, and permission controls, as well as code reviews and automated security scans to protect contract data better.
Integrations include Adobe Sign, Box, DocuSign, Google Drive, HelloSign, HubSpot, Microsoft Teams, Microsoft Word, Salesforce Sales Cloud, and Smartsheet.
Pros and cons
Pros:
- Very easy to set up and implement
- Outstanding customer service managers
- Intuitive artificial intelligence operation
Cons:
- Some features are still under development
- AI will miss some things, manual review required
This cloud-based contract management solution is designed for creating, automating, and tracking all types of agreements and contracts. You can customize a plan that includes CLM, repository features, and clickwrap solutions to ensure you have the ideal blend of automation, auditing, and workflow engine to meet your needs.
Why I picked Ironclad: One feature that really stood out to me was the ability to import legacy contracts and other third-party agreements into this platform. With Ironclad, you can use AI to scan and tag documents, adding them to your repository and making them instantly searchable So you don’t have old paper contract hanging around just in case they’re needed.
Ironclad Standout Features and Integrations
Standout features include contract creation that allows you to draft, redline, and edit in either PDF or Microsoft Word and contract operations tracing with a robust activity feed for every document.
Integrations include Brightleaf, DocuSign, Dropbox Sign, Eigen, Google Drive, HubSpot, Salesforce Sales Cloud, Slack, Tray, and Zapier.
Pros and cons
Pros:
- User-friendly platform and navigation
- Customer service takes feedback seriously
- One of the most customizable options
Cons:
- Clunky for signing of more complex agreements
- Limitations on the repository force some manual reporting
As the first platform with generative AI Copilots, Icertis provides you with the tools and technology to push the boundaries of how you manage contract lifecycles. They provide AI-powered tools that transform contracts from static documents into a strategic advantage that provides you with more data about how your organization runs.
Why I picked Icertis: This platform is a standout choice to me because of their Copilot tools, including ExploreAI, VisualizeAI, DiscoverAI, NegotiateAI, and AI Studio. Each of these tools can deliver insights, provide better negotiation playbooks, accelerate the contract review process, and secure your data through enhanced encryption.
Icertis Standout Features and Integrations
Standout features include ExploreAI to derive new insights from contract data and VisualizeAI to discover new patterns in large volume data sets of contract data.
Integrations include Adobe Acrobat Sign, Box, Microsoft 365, Microsoft Azure, Microsoft Outlook, Microsoft Word, Oracle CRM On Demand, PROS Smart CPQ, Salesforce Sales Cloud, and SAP Customer Experience.
Pros and cons
Pros:
- Customer-focused platform
- Cloud-based performance for more accessibility
- Uses SSL certificates for extra security
Cons:
- Limited pre-packaged integrations
- UI is a little dated
Best for code-free customization of your contract workflow
Considered the most customizable contract management system on the market by many reviewers, Agiloft is designed to make setup as easy as possible with tools that are simple to learn and no coding required. You can use this fully audit compliant platform for one-click contract generation, integrated workflows, and email alerts
Why I picked Agiloft Contract Management Suite: This platform made my list for more than just its customizability. Agiloft is also a powerful choice because it considers the changing needs of your organization as it grows. With Agile Evolution, you can enjoy a system that can adapt to your needs because you’re not locked into custom coded configurations.
Agiloft even offers free admin training for your IT staff to ensure they can update the system at any time so you never generate any additional consulting costs.
Agiloft Standout Features and Integrations
Standout features include automated alerts and performance tracking, template and clause libraries, and rapid prototyping and iterative design for quick implementation.
Integrations include BeyondTrust Remote Support, DocuSign, Google Docs, Google Maps, Microsoft 365, Microsoft Azure, Microsoft Excel, Microsoft Word, Salesloft Sales Cloud, and Xero.
Pros and cons
Pros:
- Has a user-friendly interface
- Highly customizable management system
- Fully relational database for powerful search functionality
Cons:
- Too many features to learn alone
- European updates are delayed after US
Other Options
While my list is already pretty comprehensive, there are so many contract management systems out there that I couldn’t resist including a few more:
- IntelAgree
For eliminating manual labor for legal teams
- Docusign CLM
For creating a pleasant customer experience
- Evisort
For fast-growing companies that need AI-supported contract visibility.
- ContractHero
For CLM security with storage in German ISO 27001 certified data centers.
- SpotDraft
For automated contract creation with no technical expertise required.
- Malbek Contrax
For uniting disparate teams at scale with a modern clickwrap solution.
- Oneflow
For reducing manual contract management administration.
- SirionOne Contract Management Software
For digitizing your contract portfolio.
- Pramata
For a radically simple approach to enterprise contract management.
- Conga CLM
For enterprise-wide CLM designed to reduce workflow friction.
Selection Criteria For Enterprise Contract Management Software
Here’s a short summary of the main selection and evaluation criteria I used to develop my list of the best enterprise contract management software for this article:
Core Functionality
There are four core functionalities that every contract management tool must have in order to support your organization, including:
- Automation: Streamlines your workflow digitally to eliminate manual tasks and help save everyone time.
- Legality: Legally binding e-signatures are essential to ensure they hold up in court in case of litigation.
- Storage: You need the right amount of storage to create a central repository for all your contracts that makes them easy to find when they’re needed.
- Security: Company, client, and other stakeholder data should be private and secure with access only for the right people.
Key Features
To deliver the functionalities I’ve talked about, there are various features you’ll see repeated across all of these platforms. Some of them may change the names for branding purposes, but you’ll see their descriptions deliver the same functionality.
- Templates: These can be pre-designed to meet the needs of your most common types of contracts. They allow your team to simply fill in the blanks and get going in as little time as possible.
- Custom or smart fields: You can add standard fields, customer fields, or smart fields to your contracts to ensure accurate details about clients and stakeholders. With smart fields, you have AI support to help fill in the details for you.
- Automated approval: With enterprise-targeted software, you can set up specific workflows and permissions that streamline approval, ensuring contracts reach the right people every time.
- Redlining: Editing contracts in-document ensures a collaborative experience that allows your organization to work together more seamlessly with other stakeholders, but it also tracks changes that can be accepted or denied.
- Digital signatures: Whether it’s a native e-signature tool or one that’s integrated through an API, you should be able to send a link to a client, new hire, or other stakeholder to help them sign documents from any device.
- Automated alerts: You can set up automated notifications to let you know when contracts achieve specific milestones, including edits and signatures, so everyone stays informed.
- Audit trails: You want your software to track edits, versions, and conversations to show a clear trail in case of litigation. This can protect people on your team, as well as clients if anything is ever up for debate.
- Content repository: Instead of printing hundreds of paper contracts, you can house everything digitally, accessing it as needed from a central repository of information. Your templates and in-progress contracts should also be stored here.
- Role-based permissions: With so many people working in your organization, you don’t want anyone accessing contracts they’re not supposed to see. With role-based permissions, you can maintain internal security.
- Certified security: When it comes to protecting data from the outside world, your system needs extra protection. Look for data encryption, SOC 2 Type II certification, and ISO 27001-certified data centers.
Usability
A new tool in your digital arsenal should be easy to learn and use — especially when you’re sending contracts to outside stakeholders that don’t know anything about your internal operations. I chose those software options that focused on ease of use, intuitive navigation, and robust customer support.
Software Integrations
Your contract management system may need auxiliary data about clients and staff on your team, so integrations with CRMs, communication tools, and even third-party e-signature tools may be vital. I’ve listed the most common integrations for each contract management platform so you can see if they sync with the tools you’re already using.
Pricing
While I want to be as transparent as possible, most enterprise contract management plans are completely customized based on your business size, number of users, and even API usage. I’ll be listing some prices for options that have individual or small business plans, but please note that these are not likely to apply to large organizations.
People Also Ask
Are you still looking for a few more details before making a final decision? Explore these answers to the most frequently asked questions for everything you need:
What are the benefits of enterprise contract management software?
There are many benefits to contract lifecycle management for enterprises, including:
- More control over legacy data with artificial intelligence support
- Enhanced visibility for managing approval and tracking milestones
- Empowering your entire team to better understand their contractual obligations
- Ability to draft agreements, edit, and sign contracts more quickly
- Easier to search and locate documents with a central repository
- Added security from third-party hosting platforms
Who uses enterprise contract management software?
Almost every team in your organization will make use of your CLM software. Your HR team will have new hires signing documents digitally, your legal team will have a source of accurate information during litigation, sales teams can send out their own documents after closing deals, and accounting and finance teams will have definitive stamps of approval for invoicing and payments.
Is contract management part of ERP (Enterprise Resource Planning)?
While contract management is essential to ERP, not every ERP software includes this add-on. However, you’ll find that most ERP software will integrate with third-party e-signature or contract management applications to ensure you have a complete package. Because your contract management and ERP solutions are likely customized, you have control over who provides this additional service.
Other Revenue Operations Software
Looking for more contract lifecycle management software? Here are a few more options to help you find the perfect solution:
- Proposal Management Software
- Quote Management Software
- Contract Management Software
- Partner Management Software
- EPM Software
Next Steps
Now that you’ve narrowed down your options for contract and document management, it’s time to test out the ones you like most. Check out free trials and demos from each contract drafting tool to decide which one will work best with your approval processes and workflows.
And if you’re on the hunt for more software solutions to round out your tech stack, sign up for the RevOps newsletter to get insights from the experts every week.